Retail Underwriter

2 weeks ago

FuquayVarina NC, Wake County, NC, United States First Citizens Bank Full time
Overview:

The Retail Underwriter is responsible for underwriting and evaluating retail credit loan applications from Bank branches. Reviews applications predominantly from unsecured or non-real estate secured transactions to determine risk and creditworthiness. Works closely with sales associates on loan decisions and structure, ensuring retail credit lending activities comply with federal and state regulations.

This role is hybrid in Raleigh, NC or Columbia, SC.

Responsibilities:

Job Responsibilities:

  • Underwrite - Underwrites and evaluates retail credit applications according to applicable regulations, procedures, and guidelines. Reviews financial statements, business balance sheets, and results of analysis to determine risk and creditworthiness.
  • Analysis - Sources, compiles, and interprets financial data. Conducts detailed cash flow analysis to aid in underwriting efforts, and conveys information about clients with high loan exposure. Analyzes specific customer situations to determine mutually beneficial credit solutions.
  • Business Support - Determines customer needs through communication with branch personnel. Resolves inquiries on retail underwriting and retail denial compliance. Assists in determining mutually beneficial credit solutions for clients and the Bank.
  • Reporting - Serves as a Home Mortgage Disclosure Act (HMDA) coordinator on a rotating quarterly basis. Manages second level review process and reporting for group activities.
Qualifications:

Basic Qualifications:

  • Bachelor's Degree and 2 years of experience in Retail Credit

OR

  • High School Diploma or GED and 6 years of experience in Retail Credit

Skill(s): Strong understanding of financial principles and concepts, excellent verbal and written communication skills, strong analytical skills with high attention to detail, solid decision making and problem-solving skills, knowledge of financial documentation including tax returns and prepared financial statements.

Preferred Qualifications:

  • Experience credit underwriting in a fast paced, high volume, underwriting environment
  • Proficient in Microsoft Word and Excel

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